Nomura Holdings Inc said on Tuesday it planned to beef up business with unlisted companies, including offering advice to startups, aiming to diversify revenue after quarterly earnings took a battering from the coronavirus pandemic.
) said on Tuesday it planned to beef up business with unlisted companies, including offering advice to startups, aiming to diversify revenue after quarterly earnings took a battering from the coronavirus pandemic.
Japanese biggest brokerage and investment bank said in a business strategy update it was seeking new growth in private equity, private debt and infrastructure, as well as in offerings of digital bonds and security tokens. Nomura said current revenue from business with private companies was “not that big” but declined to provide specific figures.
“It’s unclear if Nomura will be really successful in private markets but fee income from the new businesses could become stable and a key driving force for growth,” said Toshihiro Matsuo, an analyst at S&P Global Ratings in Tokyo.
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